Cairns Energy, Gulfsands Petroleum and now Longreach.
Exciting times ahead!!!
KOBA-1 WELL ON SIDI MOKTAR COMMENCES
18th November 2013
LONGREACH OIL AND GAS LIMITED
Koba-1 well on Sidi Moktar Commences
LONGREACH OIL AND GAS LIMITED (TSX-V: LOI) (the "Company" or "Longreach"), an independent oil and gas company focused on Morocco, is pleased to announce that the drilling of the Koba-1 well on the Sidi Moktar licence, onshore Morocco has now commenced, using the Saipem Drillmec Mas 7000 rig.
The Sidi Moktar licence is located in the Essaouira basin, onshore Morocco. The Koba-1 well has a planned Total Depth of 2,700m and operations are anticipated to take approximately 50 days. The Koba prospect is targeting Lower Liassic and Upper Triassic clastic reservoirs.
Commenting, Andrew Benitz, CEO of Longreach, said:
"We are delighted to announce the spudding of the Koba-1 well. The commencement of drilling marks a key step in Longreach’s operations in the Sidi Moktar permit. Longreach has carried out an extensive work programme of geophysical, geological and related studies to define and de-risk the portfolio of leads and prospects from which Koba has been selected as the prime candidate for drilling.
Longreach is operator with a 50% interest, alongside ONHYM and MPE, each with a 25% carried interest.
longreach commences drilling
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